Serbia remains without Russian oil
From November 1, Serbia will be subject to EU sanctions for Russian oil.
This was stated by the country's President Aleksandar Vucic.
This epilogue has been announced and expected for a long time, and, according to some experts, there is no reason for concern, at least as far as crude oil is concerned. However, everyone is concerned about the issue of fuel prices at gas stations; an increase should be expected there.
Vučić, answering questions from journalists, mentioned that November will bring a new problem to Serbia - sanctions against Russian oil, that is, the NIS company.
“In order not to wonder what we will do with electricity, what we will do with oil - from the first of November there is no more Russian oil for us, we are under sanctions,” he said.
Energy expert Milun Babic expects that higher prices will be a logical consequence of the sanctions.
“Transportation of oil will be different and more complex, we should expect that prices will rise because of this, and it will also reach the pockets of citizens,” Babic told Nova.
At the same time, some experts believe that the big problem for Serbia is how to get gas, not oil, even under sanctions.
Oil is available and can be obtained from other sources, and prices do not “tend to rise.” Serbia purchased oil from Kazakhstan, Iraq and Iran. Only a fifth of the fuel came from Russia.
Croatia's JANAF pipeline, which carried Russian oil to Serbia, was built during socialist Yugoslavia, and one branch runs from the port of Omišalj on the island of Krk to a refinery in the Serbian town of Pancevo.
However, the EU has banned its members from importing Russian oil that is delivered to the port. So Croatia will have to suspend the purchase of black gold from Moscow in November.
“Our refineries used not only Russian oil. On the contrary, we used 20% of the oil from Russia, the rest was of other origin, for example from Iraq,” said Zeljko Markovic, head of the energy and resources sector at Deloitte Serbia.
Energy expert Milos Zdravkovic agrees with him, recalling that Serbia previously used Iranian and Kazakh oil, which can be a good alternative in such situations.
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